David Mirdadi - Chicagoland Brokers Inc Logo
$749,000
( $89.17Per Sq Foot )
 $4,021 est/mo Sourced by Back At You

316 N Geneesee Street 304-318,Waukegan, IL 60085

Waukegan, IL 60085

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Description

The subject property is an eight-unit neighborhood retail center constructed in 1999, offering a diverse and stable tenant mix. Current tenants include China Garden restaurant, a tax service office, a staffing agency, two hair salons, and a retail shop(bakery). The property currently has one vacancy, which the owner is using for storage. All tenants are responsible for their own utilities, providing an efficient and low-maintenance expense structure for ownership. The center features a 21-space parking lot, offering convenient access for both tenants and customers. This property presents a compelling value-add opportunity, as all but one tenant is on year-by-year leases at below-market rental rates, allowing for future income growth through lease renewals and repositioning. Strategically located near the Lake County Courthouse and Sheriff's Office, and steps to Genesee Theatre and Metra. office buildings. The property benefits from strong daytime traffic and excellent accessibility, making it a highly convenient destination for both employees and residents.

Details

MLS #12692069
Listing TypeFor Sale
StyleRetail/stores
Sub-TypeResale
StatusActive
Year1999
Days On Site49
Listing Provided ByRE/MAX SAWA | Sharon Wang

Features

SQ Feet8,400
Story(s)1
Units8
ZoningRTAIL
Acreage0.42

Interior

CoolingCentral Air

Utilities

ElectricCircuit Breakers

Taxes

Tax Year2025
Tax Annual Amount22702

Area Information

StateIL
CountyLake
CityWaukegan
Zip Code60085
AreaPark City | Waukegan
Listing VS Median (in 60085)
Price:
$749,000
low | high
Med:
$268,000
100% of Average
sqft:
8,400
low | high
Med:
1,194
100% of Average
$ / sqft:
$89
low | high
Med:
$224
100% of Average
On site:
49
low | high
Med:
61
80.327868852459% of Average
Sourced by Back At You

Market Activity 60085

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Learn More About This Property

David Mirdadi

David Mirdadi

Chicagoland Brokers Inc

 (773) 455-6666homes@mirdadi.com
StateIL
CountyLake
CityWaukegan
Zip Code60085
AreaPark City | Waukegan
Listing VS Median (in 60085)
Price:
$749,000
low | high
Med:
$268,000
100% of Average
sqft:
8,400
low | high
Med:
1,194
100% of Average
$ / sqft:
$89
low | high
Med:
$224
100% of Average
On site:
49
low | high
Med:
61
80.327868852459% of Average
Sourced by Back At You
Listing Updated: July 9, 2026 at 12:32:24 PM PDT

David Mirdadi - Chicagoland Brokers Inc